Yields on the Bills traded on the Money market moved in different directions this week. The 91-day bill and the 182-day bill lost 4bps and 8bps and were quoted at 9.90% and 10.89% respectively.
The 182day bill was under-subscribed by 70.32 per cent. The 91-day (s/s) and the 1-year note on the other hand were up on last week’s close. The 91-day (s/s) was up 20bps to close this week at 10.54 per cent. The 1-year note was quoted at 13.41 per cent up 38bps.
Dalasi Still Under Pressure
For the second week in a row, the Dalasi continued to depreciate in the Parallel Market. It lost 27bututs against Dollar to D27.60. Against the Pound Sterling it was quoted at D42.00 loosing 50bututs, and lost 12bututs against the Euro to D37.25.
Movements by the local currency in the Interbank Market were however mixed. It depreciated by 2bututs against the Dollar to D27.00 but it appreciated by 13butus and 3bututs to D41.75 and D36.90 against the Pound Sterling and Euro respectively.
Dalasi Interbank Mid Exchange Rates
Dollar 27.00
Pound 41.75
Euro 36.90
CFA 282.50
Parallel Mid Exchange Rates
Dollar 27.60
Pound 42.00
Euro 37.25
CFA 280.00
